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Emerging Markets Closed-End and ETF, 3  Ticker: FEASOX
 
Description
A unit investment trust that seeks current monthly income by investing in a pool of closed-end funds and exchange-traded funds which invest in a wide range of emerging market bonds.
 
Summary
Product Code: EMPS3
Portfolio Status: Secondary
Initial Offer Date: 03/14/2013
Secondary Date: 06/25/2013
Portfolio Ending Date: 03/16/2015
Tax Structure: RIC
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $7.8991
POP(*): Not Avail
* As of Trade Date: 10/29/2014 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.4551
As of 10/27/2014
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 7.27%
 PowerShares Emerging Markets Sovereign Debt Portfolio PCY 7.26%
 WisdomTree Emerging Markets Corporate Bond Fund EMCB 7.17%
 Market Vectors Emerging Markets High Yield Bond ETF HYEM 7.02%
 iShares Emerging Markets Local Currency Bond ETF LEMB 6.90%
 Market Vectors Emerging Markets Local Currency Bond ETF EMLC 6.35%
 WisdomTree Emerging Markets Local Debt Fund ELD 6.35%
 Templeton Global Income Fund GIM 6.14%
 Western Asset Worldwide Income Fund Inc. SBW 5.92%
 Morgan Stanley Emerging Markets Debt Fund, Inc. MSD 5.89%
 Western Asset Emerging Markets Debt Fund Inc. ESD 5.81%
 Western Asset Emerging Markets Income Fund Inc. EMD 5.75%
 Stone Harbor Emerging Markets Total Income Fund EDI 5.54%
 Global High Income Fund, Inc. GHI 5.47%
 Stone Harbor Emerging Markets Income Fund EDF 5.35%
 Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. EDD 5.15%
 
Total Number of Holdings:    16
Underlying Securities information represented above is as of 10/29/2014 but will vary with future fluctuations in the market.

Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage which increases the volatility of such funds.

ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal. Interest income from closed-end municipal bond funds is generally exempt from federal income tax. However, certain distributions may be subject to federal income tax and/or subject to the alternative minimum tax.

The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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